Tag: steve firestone

LANCASTER, Pa.—Select Security in early June announced a variety of acquisitions, one in New Jersey, one in New Mexico, and two in the Dallas-Fort Worth area of Texas.In New Jersey, the company acquired Garden State Fire & Security, based in Matawan, N.J. With this transaction Select bought more than 2,500 accounts, with an even 50/50 mix between residential and commercial accounts, and the company gains an office in New Jersey.“The addition of Garden State Fire & Security to our organization...

LANCASTER, Pa.—Select Security, provider of security and life safety solutions for homes and businesses based here, on April 6 announced the purchase of several companies: Tennessee Valley Protection in Huntsville, Ala.; Southern Security Services in Nashville, Tenn.; Interactive Alarms in Nashville, Tenn.; Security Consultants in Memphis, Tenn.; and Alert Alarm Systems in Paducah, Ky."We are always looking for well run companies that want to be part of Select Security, especially in our newest...

LANCASTER, Pa.—Select Security, a super-regional alarm company based here, on June 14 entered into an agreement to buy the U.S. subscriber base of AlarmForce, a Toronto-based company, which will maintain its Canadian business.Select Security will gain about 28,000 accounts, bringing the company's total to nearly 60,000. The deal is expected to close on or around June 23. AlarmForce announced that the total consideration was $11.6 million."It's the largest acquisition that Select has done in...

LANCASTER, Pa.—Select Security, a super regional security company based here, recently completed the purchase of Owensboro, Ky.-based Level 5 Systems, Myrtle Beach, S.C.-based Sea Dog Security, and Charlotte, N.C.-based Guardian Systems, adding three new branch offices, and expanding into the North and South Carolina markets. The three deals add approximately 2,000 new accounts for Select Security.“We have always felt that with the infrastructure that we have invested in and built both...

LANCASTER, Pa.—Select Security, a super-regional based here, is partnering with Mace, best known for its pepper spray, to launch a DIY product nationally in 2016.Select Security's founder and CEO Patrick Egan said that teaming up with Mace to launch a DIY product is key to its success nationally.“This is a whole different channel for us, and there was no way we were going to enter the DIY space without a strong, recognizable brand name,” Egan told Security Systems News. “The...

LANCASTER, Pa.—Select Security, based here, has reached $1 million in RMR following several years of rapid growth both organically and through acquisition. Select Security president Steve Firestone told Security Systems News, “We are getting ready to make a big announcement in the DIY space within the next four- to six weeks.”Firestone, who joined the company as president four years ago, said Select Security is poised for continued growth and possible expansion into new areas.  “We...

YARMOUTH, Maine—Google's venture into home security and automation may turn out to be a very good thing for traditional resi companies, according to providers interviewed by Security Systems News.That's not to say it won't pose challenges, maybe even some big ones, but any sound company that has solid customer service and stays on its technological toes shouldn't fear Google's foray, they said. Monitoring companies could stand to benefit, too.“I love it,” Select Security's president...

LANCASTER, Pa.—Super-regional Select Security moved into two new states—Kentucky and West Virginia—and added about 8,000 new accounts with the acquisition of Secure US of Morgantown, W.Va., and three companies in Kentucky.“Right now we're running around $970,000 in RMR,” Select Security CEO Patrick Egan told Security Systems News. “We have one remaining deal [this year] that should put us over $1 million of recurring.”The three Kentucky companies acquired...

In the second decade of the 21st century, home security is no longer just about catching bad guys. Industry experts say lifestyle choices, technological savvy, generational perspectives on privacy, and affordability are the forces driving a dramatic increase in the demand for video options in home security systems.“Whether it's consumer driven or industry driven through advertising, it's clear that the residential market is evolving into a reclassification of what is the service we ought to...

LANCASTER, Pa.—Select Security, a super-regional based here, received the highest honor at the SedonaOffice annual users conference when it was named Customer of the Year, according to a March 18 news release. The recognition comes in the first year of Select Security's implementation of SedonaOffice's Enterprise Resource Planning (ERP) suite. “We are honored and pleased to receive this recognition,” Select Security President, Steve Firestone, said in a prepared statement. “Our...